Car Insurance Prices Fall

In depth

According to Globes, comprehensive insurance prices recorded a 4% decline in the last quarter and completed a 13% decline over the past year, based on Wobi data. According to Globes, insurance prices for the Hyundai Elantra and Hyundai Sonata rose, contrary to the trend. According to Ice, comprehensive insurance is plunging, but the models show extreme variation: some dropped by 27% while others suddenly rose in price.

According to Maariv, insurance prices for Toyota, Hyundai, Mazda and BYD fell significantly, and car insurance prices dropped 25% from their peak. According to Bizportal, the car insurance price index showed a 13% decline over the past year, but the companies' offers are still far from one another: the gap between the cheapest and most expensive offer stands at over 4,500 shekels, and in a market survey between policies with similar coverage, the gap stands at about 15% to 20% of the premium.